This property looks like a bad Airbnb investment with a projected -17.42% first-year return on $245k initial cash invested.
-17.42%
Cash On Cash
2.5%
Cap Rate
0.4
DSCR
$5,898
Rent
-$3,550
Cashflow
Cash Flow
$5,898 income − $9,448 expenses = $3,550 out of pocket
Investment Breakdown
|
Purchase Price
$1079k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,791
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,898
Total Expenses
$9,448
Mortgage P&I
94%
$5,565
Property Taxes
11%
$667
Home Insurance
7%
$385
HOA
0%
$0
Property Management
15%
$885
CapEx
4%
$236
Vacancy
0%
$0
Maintenance
4%
$236
Other
25%
$1,474